TOKYO,
February 20, 2012---Sumitomo Mitsui Banking Corporation (SMBC, President:
Takeshi Kunibe) is working in consortium with Temasek Holdings※ (“Temasek”) and consortium partner
banks to establish a specialized Project Finance Company that will look to fund
cross-border projects in the infrastructure and related sectors, which will
involve significant Singapore-based corporate participation.

The company is being set
up with a primary aim to plug gaps in financing for larger, long-tenor
infrastructure projects.These
moves are designed to assist Singapore-based corporates by plugging funding
gaps so as to enable them to be more competitive in their cross-border
projects.

The company will enjoy an element of government support in the form of a
government guarantee on the debt instruments issued by the company.In this sense, the government and the
private sector will be working hand in hand.

In its mid-term management plan for FY2011, SMBC had previously
mentioned that “strengthening infrastructure finance” was one of the aims of
the bank.This initiative
complements that plan and demonstrates SMBC’s continued support to the
infrastructure finance space.

SMBC will continue to provide high
value-add services that contribute to infrastructure development, taking
advantage of acquired specialties with a focus on the Asia-Pacific region where
we are a market leader in areas such as project and infrastructure
finance.SMBC continues to show its
strong support for its existing clients, including Japanese and Asian
corporates, and this initiative will allow SMBC to also further support
Singapore-based corporates as they expand overseas.

※ Temasek Holdings is an Asian investment company owned by
the Singapore
Government.It has a portfolio of
S$193b (concentrated primarily in Singapore,
Asia and growth markets) as of 31 March 2011,
and has a multinational staff of over 400.